NW Landlord Special….. RENTS $1,450 ….. 10207 Long Barrel Ln Sold

  • $119,000
  • 3 beds
  • 2 baths
  • 1,534 sqft
Sold

Landlord Special

AREA:  (NW) 290 & Little York

SUBDIVISION: Woodland Oaks

1 Story, 3/2/2

This home is virtually rent ready. We figure $6,600 repairs for:

  • Kitchen cabinets               $2,600
  • Paint                                      $3,000
  • Carpet                                  $1,000

ARV: approx $155k

RENTS: $1,450

DROPBOX for Full Pictures, Comps & ROI Calculations

ROI Calculation
Down Payment Down Payment
All Cash Purchase 10% 20%
ARV $155,000 $155,000 $155,000
Cash down $119,000 $11,900 $23,800
Add: rehab 6,500 6,500 6,500
Add: closing costs 1,785 1,785 1,785
Add: lender costs 5,000 5,000
Cash out $127,285   $25,185   $37,085
Monthy rent $1,450
Annual rent $17,400 $17,400 $17,400
Less: Taxes (4,030) (4,030) (4,030)
Less: Insurance (800) (800) (800)
Less: Vacancy/repairs (2,000) (2,000) (2,000)
Cash in $10,570   $10,570   $10,570
Cash on cash ROI: 8.30%   41.97%   28.50%
(Cash In/Cash out)
Price:
$119,000
Address:
10207 Long Barrel Ln
Houston, TX 77040
Square Feet:
1,534
Lot Size:
8,338
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1996

Additional Features

Please DO NOT DISTURB OCCUPANTS. Serious inquiries can contact our office to set an appointment to preview. This Property is offered as CASH or HARD MONEY ONLY, and is offered AS IS. Any Realtor fees must be added to our sale price. We require $3000 non-refundable earnest money and proof of funds to lock this property. Buyer pays all closing costs. Buyer's funds must be at title company 3 days prior to closing. We only use Declaration Title at 8584 Katy Freeway Suite 341, Houston, TX 77024. Also, please read disclaimer below.

Call (713) 660-7800 for more details

Property Location